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Spirit Airlines Inc (NAS:SAVE)
Market Cap
$5,464 Mil (As of Today)

Market cap is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding. Spirit Airlines Inc's share price for the quarter that ended in Dec. 2014 was $75.58. Spirit Airlines Inc's shares outstanding for the quarter that ended in Dec. 2014 was 73 Mil. Therefore, Spirit Airlines Inc's market cap for the quarter that ended in Dec. 2014 was $5,464 Mil.

Spirit Airlines Inc's quarterly market cap increased from Jun. 2014 ($4,601 Mil) to Sep. 2014 ($5,031 Mil) and increased from Sep. 2014 ($5,031 Mil) to Dec. 2014 ($5,500 Mil).

Spirit Airlines Inc's annual market cap increased from Dec. 2012 ($1,285 Mil) to Dec. 2013 ($3,295 Mil) and increased from Dec. 2013 ($3,295 Mil) to Dec. 2014 ($5,501 Mil).

Enterprise value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Spirit Airlines Inc's enterprise value for Today is $4,923 Mil.


Definition

Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.

Spirit Airlines Inc's Market Cap for the fiscal year that ended in Dec. 2014 is calculated as

Market Cap (A: Dec. 2014 )=Share Price (A: Dec. 2014 )*Shares Outstanding (A: Dec. 2014 )
=75.58*72.78
=5,501

Spirit Airlines Inc's Market Cap for the quarter that ended in Dec. 2014 is calculated as

Market Cap (Q: Dec. 2014 )=Share Price (Q: Dec. 2014 )*Shares Outstanding (Q: Dec. 2014 )
=75.58*72.77
=5,500

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the company’s debt. The real price you pay is the Enterprise Value.

Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.


Related Terms

Shares Outstanding


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Spirit Airlines Inc Annual Data

Dec08Dec09Dec10Dec11Dec12Dec13Dec14
mktcap 0000001,1311,2853,2955,501

Spirit Airlines Inc Quarterly Data

Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14
mktcap 1,2391,2851,8392,3042,4903,2954,3174,6015,0315,500
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